WHUT (Howard University Television)
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Dec 6, 2012
12/12
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WHUT
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republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the
republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure...
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Nov 30, 2012
11/12
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FOXNEWSW
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he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a bala
he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan,...
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Nov 30, 2012
11/12
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CNBC
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we're taxing or capital, taxes our seed corn. how you will that affect all this? >> that means you don't get to your gdp, but you have good things going on in housing. if you look at the core logic numbers this past month, that's very encouraging. in the face of all this, we have four years highs in consumer confidence. to me there are pockets in the manufacturing sector that have siege a resurgence, construction, grid repair, a lot of these power energy management solutions, kind of making these more efficient, if you will. there are some areas that will do better next year. that's where you want to investivities let's put the fiscal cliff aside, because they are not going to let the tax cuts expire. i'm here, i've been in politics for a long time. they won't do it. where would you invest? you sound pretty optimistic. where would you invest? >> i would say this, this fiscal inclusiver cliff, you have to use the weakness to buy. you're not chasing the strength. housing for sure, but i would also say go to where the companies reported in the third quarter, where di
we're taxing or capital, taxes our seed corn. how you will that affect all this? >> that means you don't get to your gdp, but you have good things going on in housing. if you look at the core logic numbers this past month, that's very encouraging. in the face of all this, we have four years highs in consumer confidence. to me there are pockets in the manufacturing sector that have siege a resurgence, construction, grid repair, a lot of these power energy management solutions, kind of...
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Nov 29, 2012
11/12
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FOXNEWSW
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tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic positio
tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of...
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Dec 5, 2012
12/12
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MSNBCW
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let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring
let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conservative wing of...
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Dec 1, 2012
12/12
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CNNW
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his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the taxes on capital gains and dividends and the plan spends nearly $200 billion. another stimulus package of 50 billion. an extension of unemployment benefits around 30 billion and an extension of the payroll tax cut estimated at about $114 billion. but the geithner plan didn't cut spending. in run for that, the president offers $400 billion of cuts and toe, john boehner basically said go fish. >> was not a serious proposal. and so, right now, we're almost nowhere. >> just when we needed someone to not say hey, mom, he was nasty. so i can be, too. boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign?
his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the taxes on capital gains and dividends and the plan spends nearly $200 billion. another stimulus package of 50 billion. an extension of unemployment benefits around 30 billion and an extension of the payroll tax cut estimated at about $114 billion. but the geithner plan didn't cut spending. in run...
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Nov 29, 2012
11/12
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CURRENT
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes, $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through, the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a rep
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes, $20 million a year ceos from these corporations, and continue to spread...
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Nov 29, 2012
11/12
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FBC
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eye 122
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mean -- >> it doesn't go on. it does not go on. here's the good news. all the people who last week and said we might raise taxes under certain circumstances with the same people who said that two years ago. and every news media outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced you areefor tax increases and we will tell everyo
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not...
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Nov 29, 2012
11/12
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MSNBCW
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the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president obama. it will be the first encounter since the final presidential debate in october. the meeting fulfills an election night promise by the president to work with romney going forward. that doesn't mean the former massachusetts governor will become a regular. >> is governor romney here tomorrow in some kind of cabinet level position? >> no. >> beyond that, is there some kind of reorganization in the commerce department where governor romney could play a role? >> again, there is -- the president doesn't have a specific assignment in mind for the g
the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president...
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increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they always corazon republicans want to lower the rates that so you can't sell deductions if the rates are low the reality though is that during that period of time when the top tax rate topping them tax rate was ninety one seventy four percent from from one hundred thirty five one hundred thirty three nine hundred thirty three ok no until until the eisenhower here in the regular mr ok during that period of time you had you had c.e.o.'s who were not living in mansions they were you know and only one private well you had some people who were having rich you didn't have
increase tax top tax and he was bent over the way he was wrong. nixon defended a he was wrong or can't either but so is right but tom nobody was paying ninety percent for real because there's because what happens is the democrats when they had three million dollars a quick take on audio but everybody did their businesses so that they could pay their employees of these away democrats raise the rates so that they can sell deductions that's how the game is played that is well that's how they...
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Dec 2, 2012
12/12
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CNNW
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fine, you don't want new tax rates. we're out of this. >> what we're trying to do is to get them to come together and join us and doing something that's good for the american economy, and we recognize that's going to require spending savings, not just revenue increases on the top wealthiest 2% of americans. >> and you propose the spending side. you like to see what they want? proposals on both sides. if they want to go beyond that, they should tell us what they like to do. if they want to do it differently -- >> whose turn is this? where are we in this? >> the ball really is with them now. again, they're in a hard place. they're having a tough time trying to figure out what they can do. that's understandable. this is very difficult for them. we might need more time to figure out where -- where they go next. >> we don't have a lot of time. >> you can't wait very long. what we are trying to do is be as clear as we can with what is essential to us and what we like to have and what we think is good for the american economy
fine, you don't want new tax rates. we're out of this. >> what we're trying to do is to get them to come together and join us and doing something that's good for the american economy, and we recognize that's going to require spending savings, not just revenue increases on the top wealthiest 2% of americans. >> and you propose the spending side. you like to see what they want? proposals on both sides. if they want to go beyond that, they should tell us what they like to do. if they...
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Dec 4, 2012
12/12
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CNNW
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you said, i'm all for the wealthy paying more taxes. so i'm curious, since you've said that, why the reduck tans to just raise the tax rate on the wealthy? >> it destroys growth of the very people who are going to create additional revenues in the future. >> why say you would be all for it? >> i didn't ever say -- not one timedy say i was for raising tax rates on the wealthy. i said i was for increasing the taxes that the wealthy paid. how you do it will have a major impact on the economic fortunes of this country. and if you take the vast majority of small businessmen who will be hit with an increased tax rate, you're going to markedly decrease the job creation and capital formation in this country. >> let me ask you another question, one of the things we talked about on both sides, i think it's fair to say is the lack of details. and second geithner was out trying to defend some of the details in his plan over the weekend. this letter also has very few details. i'm curious to know exactly what loopholes, what deductions would you kill
you said, i'm all for the wealthy paying more taxes. so i'm curious, since you've said that, why the reduck tans to just raise the tax rate on the wealthy? >> it destroys growth of the very people who are going to create additional revenues in the future. >> why say you would be all for it? >> i didn't ever say -- not one timedy say i was for raising tax rates on the wealthy. i said i was for increasing the taxes that the wealthy paid. how you do it will have a major impact on...
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Nov 29, 2012
11/12
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CURRENT
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the cake. all right make that metaphors and pun its. we'll be light back. [ male announcer ] this is karen and jeremiah. they don't know it yet but they're gonna fall in love get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married they'll find some retirement people who are paid on salary not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just co
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Dec 2, 2012
12/12
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FOXNEWSW
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in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount
in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is...
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Dec 3, 2012
12/12
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MSNBCW
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taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to the floor. on sunday house minority leader signaled democrats may not wait saying in a statement, quote, if speaker boehner refuses to schedule this widely supported bill for a vote on democrats for a vote, democrats will introduce a discharged petition to automatically bring to the floor the senate passed middle class tax cuts bill, that bill that would pass the 98% automatically raise the rates to the clinton era for the top 2%. ultimately he has to bring out the best deal. this new negotiation strategy. it appears to have genuinely thrown republicans for a loop. >> the idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the plan to entitlement reform is quite frankly a joke. >> a two-step deal in place. step one spending cuts and tax changes that would take effect in
taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to the floor. on sunday house minority leader signaled democrats may not wait saying in a statement, quote, if speaker boehner refuses to schedule this widely supported bill for a vote on democrats for a vote, democrats will introduce a discharged petition to automatically bring to the floor the senate passed middle class tax cuts bill, that bill that...
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Nov 29, 2012
11/12
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CURRENT
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the >> as we reported, hostess went bankrupt after it was unable to resolve a labor dispute with unionized workers. the bakers union is fighting to make sure its voice is heard in the bankruptcy proceedings. it wants to make sure its members get what they're owed in pension payments and other promised benefits. the union has asked the judge overseeing the bankruptcy to appoint a member of the union to a group of trustees managing the winding down of the company. as it stands how to, no union members sit on the company's board and in fact, take a look at this. look at that! kind of look
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Nov 29, 2012
11/12
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FOXNEWSW
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the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody won over there. martha. martha: wow, well, you know we'd lick to her a good story. if you have a good story about winning the lottery and everything turning out really well, let us know. >> reporter: i would have shared. i would have shared. martha: thank you, adam. we'll see you soon. bill: thank you, adam. if you're watching us right now you probably didn't win. you'd be out answering the phone or having a good party. martha: first thing i would do is watch "america's newsroom" if i won. bill: okay that's it. the odds of winning, space junk falling to earth and hitting one person, one in 3200.
the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody...
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their payroll taxes might. their income taxes are not. and that is huge. and the truth is, from what i'm hearing, the top 2% better start making financial plans. >> there's no question about that. what's wrong with this proposal? >> look, there are parts of this proposals are reasonable. the bigger problem here is, if the president is sticking to this position, at least for the time being that he outlined last week, would be the equivalent of the republicans saying we want the ryan budget, we want marginal tax rates cut across the board 20%. i'll tell you, steve, i think he has dug in, he spent more time on the phone this week from what i understand with steve israel, chairman of the democrat chair than he did with john boehner. tell me what he's telling those hard left groups about his position and how he can walk back to something more reasonable like something that tom's for. given what he's saying with these hard left groups. >> he's trying to do something different than he's done before. which is take his message outside the beltway, outside of capito
their payroll taxes might. their income taxes are not. and that is huge. and the truth is, from what i'm hearing, the top 2% better start making financial plans. >> there's no question about that. what's wrong with this proposal? >> look, there are parts of this proposals are reasonable. the bigger problem here is, if the president is sticking to this position, at least for the time being that he outlined last week, would be the equivalent of the republicans saying we want the ryan...
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121
Nov 29, 2012
11/12
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MSNBCW
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one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars, and stopping those automatic cuts. we're off the cliff. and then we get together with goodwill, right in january with the new senate and the new house, and we hammer out the long-range solutions to all this. >> i want to you listen to something that your colleague, pattie murray, from washington state said on alex wagner's show about this fiscal cliff and her attitude toward it. i want to you react to it. >> sure. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea
one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars,...
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Dec 5, 2012
12/12
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FOXNEWSW
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the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discu
the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at...
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Dec 5, 2012
12/12
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let's take a closer look at california's tax rate. the top individual tax rate was 10.3%. the second highest in the nation. due to a new proposition that was just passed that number is going to jump to 13.3% for top earners. perhaps this sentiment seems to be working in the golden state. which also has a corporate tax rate of 8.84%. which is why you don't see companies clamoring to open businesses in the state. pill * a lot of debt. martha: mr. grant from the "mary tyler moore show"? he voiced over that. he lives in france. bill: new concerns the u.s. is running out of doctors at a time when obama-care will put millions of americans into the system. our fox news medical a-team doctor on what needs to happen there. martha: they were trapped under a car struggling to breathe and split second heroics saved theof lives of her mother and child. of pepto-bismol to-go. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tour
let's take a closer look at california's tax rate. the top individual tax rate was 10.3%. the second highest in the nation. due to a new proposition that was just passed that number is going to jump to 13.3% for top earners. perhaps this sentiment seems to be working in the golden state. which also has a corporate tax rate of 8.84%. which is why you don't see companies clamoring to open businesses in the state. pill * a lot of debt. martha: mr. grant from the "mary tyler moore show"?...
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in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats are criticizing him for demanding 150 billion in more spending. not less, including a $50 billion stimulus this next year. at a time when the focus perhaps should be on spending cuts, are those democrats right? >> well, i'm hearing many more democrats resonating with the message that the president is delivering and that message is that he ran on and got elected on the basis of more taxes for the most wealthy americans. i think that there is a real danger for republicans in not really hearing that message. i've been impressed by the number of republicans that have made positive indications that more reven
in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats...
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that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimul spending in the next fiscal year alone. mind you, of course, the repubcans looking for spending ts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivant of a permanent increase in the national debt limit. president obama remarkably consistent in his intent to raise taxes on the top 2% of taxpayers. half of those are small-business men and women. the entire election season, he did say a number of times since being reelected, and he's not backing off. e president and his baath insist on higher taxes for the so-called wealthy. remarkably, republicans seem surprised by secrery geithner. chief correspondent ed henry with our repor reporter: optimism faded as timothy geithner let the republicans to decle the talks are going nowhere. >> i'm disappointed. i'm disappnted in where we are and what has ha
that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimul spending in the next fiscal year alone. mind you, of course, the repubcans looking for spending ts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivant of a permanent increase in the national debt limit. president obama remarkably...
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we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is par
we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the...
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and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading americans about what prompted the deadly september 11th attack on the u-s consulate in libya. this wild scene broke out in a milwaukee courthouse today.. after a driver was sentenced to prison for hitting and killing a boy. 23-year-old dedrick ashford received a year behind bars and one year probation for the fatal crash. the victim's family members became upset after the sentence came down.. and started brawling with ashford's relatives. as many as two dozen people were involved. several were injured.. and arrest
and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary...
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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democrats bet republicans cave on taxes. how confident are democrats that they're going to win this thing, they'll make this happen. >> they feel like this looks like the 2011 payroll tax. remember at the time house republicans were not going to pass that extension to that payroll tax holiday, but they felt boxed in at the end of the day and they eventually had to do what the president wanted. democrats believe that they have the issue here, they have a bill that passed out of the senate. they think the house will adopt it. the republicans say there is just no way that's going to happen, that in order to get any sort of deal on revenue, democrats have to -- >>> have a fantastic weekend, gentlemen. coming up, we're following developing news from the supreme court where we're waiting to hear if the high court takes up several major challenges to same-sex marriage. plus -- >> i was positioning is that the right newspapers, is that the right numbers. and i was shaking. and i called my husband and i said i think i'm having a hear
democrats bet republicans cave on taxes. how confident are democrats that they're going to win this thing, they'll make this happen. >> they feel like this looks like the 2011 payroll tax. remember at the time house republicans were not going to pass that extension to that payroll tax holiday, but they felt boxed in at the end of the day and they eventually had to do what the president wanted. democrats believe that they have the issue here, they have a bill that passed out of the senate....
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are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign fund-raising dollars could dry up. everybody in the house faces a primary next year. whether or not they a tough opponent or not is on the table. there are so many considerations. jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i
are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign...
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we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he hasn't put medicare and social security, saving and preserving those entitlement programs on the table. i believe they have to be, because if we're going to preserve those for future generations, we need to do something meaningful on those. the problem is, erin, if we just do cuts in temporary spending, those can easily be undone. we know there's been a lot of promises made in exchange for tax increases and it never comes to pass when it comes to spending cuts. >> there was a "washington post" poll which said raise taxes on incomes over $250,000 a year, 60% support it. wh
we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he...
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it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a b
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
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we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the high end. and the american people know that debate, they voted for him. >> warner: still, despite all the tough talk, reporter todd zwillich of wnyc and public radio international says there's more movement behind the scenes than meets the eye. >> there does tend to be a pattern to how big negotiations like this go. the fact that they haven't reached an agreement yet doesn't mean they won't before christmas, doesn't mean they won't before new years. there is a value in doing some public posturing and trying to ge
we don't want to increase tax rates. we're not going to increase tax rates. >> warner: a white house spokesman shot back that republicans ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the...
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loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. and for the unity of our country and my colleagues, we're ready to work with the president to achieve those goals. >> reporter: on the issue of tax cuts, are you willing to accept -- [inaudible] what's our final deadline on -- [inaudible] >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're wil
loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses...
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taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan wi
taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask...
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to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't really get it. the hole is not as big as he says it is. we're not going into the hole with a trillion dollar deficit every year, because we're going to grow every year and collect more revenue. and we also see some of these stimulus programs narrowing down a little bit so the hole's not that big and there seems to be more common ground that the senator admits. >> we hope you're right. >> in previous negotiations, it's been put forward but everyone's got to push forward. >> it's easy to race taxes on one group, at of people agree with that, but the bottom line is those entitlement cuts are going to be a lot mor
to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't...
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i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35 to 33 and actually get more revenue and get rid of some more deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. and that is how you get the economy to grow. we're not going to have more economic growth. if we send more money to washington, we'll have less economic growth. >> if all the republicans hold firm to that position, you just spelled out in significant detail, there is not going to be a deal, you know, between now and december 3
i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we...
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here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn. >> we'll go find the winner and see what he tells us he'll do with the money. >> maybe he can buy you lunch and replace the $2 that you just threw away. >> that was my lunch money yesterday. i'm hitting you up. >> i'll get you lunch no problem. thank you, sir. >>> so i want you to look at this picture because you are now meeting the republican committee chair men. emphasis on men. made wliselissa harris perry so off on whether gop learned anything from the election. and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at
here in missouri, the state will take about 4% in taxes. in arizona, about 5% this taxes. plus there's the federal taxes that are all involved. but really at the end of the day, who is complaining. when you have so many millions of dollars as a winner, giving the government some of it is no big deal because there's no way one person or even a group people could ever spend this much money in a lifetime. >> kerry reporting from columbia. we'll let you get back on the record to dearborn....